Bridgewater Associates Reports $24.4 Billion Portfolio as of 13F Q3 2026

Bridgewater Associates, the fund managed by Ray Dalio, reports a $24.4 billion portfolio as of September 30, 2026, spread across 990 positions according to the 13F-HR filing for the third quarter.

Bridgewater Associates: Ray Dalio's Investment Philosophy

Ray Dalio, founder of Bridgewater, advocates a macroeconomic approach based on "principle-based" diversification and the pursuit of "equilibria" among assets. The fund emphasizes strategic allocation across equities, bonds, and alternative assets, aiming to capture global economic cycles. Historically, Bridgewater has generated superior market-average performance over decades, largely due to its "All Weather" strategies designed for resilience across all market conditions. The investment style combines macroeconomic fundamental analysis with quantitative models, which explains its significant exposure to broad market indices and large-cap technology stocks.

Key New Positions and Strengthens

According to available information, the filing does not specify changes from the previous quarter but details the most significant positions at the end of the quarter. The largest holding is the State Street SPDR S&P 500 ETF (ticker T), valued at $3.97 billion, representing 16.3% of the portfolio, with 5,320,308 shares held. In second place, iShares (likely iShares Core S&P 500) amounts to $2.49 billion, or 10.2% of the total, with 5,446,707 shares. Among individual stocks, NVIDIA Corporation appears with a value of $770 million (3.2% of the portfolio) and 3,866,195 shares, followed by Alphabet Inc. and Broadcom Inc., each at $500 million (2.0% of the portfolio). Positions in AMD, Amazon, and Lam Research round out the top 10, each representing between 1.3% and 1.7% of the portfolio. The remainder of the portfolio, totaling $14.1 billion, is spread across 980 other holdings, indicating extensive diversification.

Cuts and Exits – What the Manager is Leaving Behind

The 13F report does not provide a direct comparison with previous filings; thus, no specific data is available regarding divestments or reductions during the quarter. Without this information, it's impossible to identify any significant stocks Bridgewater may have sold or reduced. Readers should consult the full filing for any trajectory analysis.

Limitations of the 13F: What This Filing Does NOT Say

The 13F form, required by the SEC, only includes long positions in U.S. listed stocks and ETFs, with a 45-day lag after the quarter's end. It excludes short positions, options, futures contracts, non-U.S. securities, and private placements. Additionally, the reported value corresponds to the market value on the last day of the quarter, without reflecting intr-quarter fluctuations or hedging strategies. Thus, the filing does not reveal Bridgewater's total exposure to bonds, derivatives, or unlisted assets, which are significant components of its macro-diverse approach.

In conclusion, the Q3 2026 13F filing shows that Bridgewater continues to prioritize broad market ETFs, reflecting its conviction in large-market stability, while maintaining notable positions in technology leaders like NVIDIA, Alphabet, and Broadcom. However, individual investors should be mindful of the inherent limitations of the 13F form and consult the complete document available on the SEC website for a comprehensive view.